Progress Software Corporation (PRGS)

Operating return on assets (Operating ROA)

Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020
Operating income (ttm) US$ in thousands 124,003 125,040 114,062 109,941 110,523 118,429 121,079 138,287 132,131 122,046 136,071 118,118 116,102 114,258 101,405 104,432 107,728 83,188 65,955 55,387
Total assets US$ in thousands 2,526,970 1,619,880 1,586,380 1,547,770 1,602,780 1,597,470 1,601,880 1,643,610 1,411,480 1,346,290 1,354,580 1,353,120 1,363,540 1,275,490 1,239,990 1,027,060 1,041,780 919,468 895,602 890,182
Operating ROA 4.91% 7.72% 7.19% 7.10% 6.90% 7.41% 7.56% 8.41% 9.36% 9.07% 10.05% 8.73% 8.51% 8.96% 8.18% 10.17% 10.34% 9.05% 7.36% 6.22%

November 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $124,003K ÷ $2,526,970K
= 4.91%

Progress Software Corporation's operating return on assets (operating ROA) has shown some fluctuations over the past few years. The trend indicates a general increase from February 2020 to May 2022, with a peak of 10.34% in November 2020. However, there was a slight drop in the operating ROA in May 2022 to 8.18%, followed by a recovery in August 2022 to 8.96%.

Subsequently, there was some volatility in the operating ROA, with values ranging between 7.41% in August 2023 and 10.05% in May 2022. The operating ROA decreased to 4.91% in November 2024, which was significantly lower compared to the previous periods.

In general, a higher operating ROA indicates that Progress Software Corporation is generating more operating income relative to its assets. However, the decreasing trend in the latter periods may suggest potential challenges in optimizing asset utilization or maintaining profitability. Further analysis would be necessary to understand the factors contributing to these fluctuations in the operating ROA.